The Institute for Accountability in Southern Africa has written to Eskom chairperson Jabu Mabuza requesting a detailed written explanation as to why the current board believes the State-owned utility can be rescued from its current financial distress, cautioning that Eskom may currently be trading “recklessly” in terms of the legislation governing companies in South Africa. […]
Eskom
SOLVENCY AND LIQUIDITY OF ESKOM SOC LIMITED (“ESKOM”)
22 January 2018 The Chairman Eskom Holdings SOC Limited Mr Mabuza Per email: …………………….. Copied to: The Minister of Finance The Minister of Public Enterprises Mr Mabuza Re: SOLVENCY AND LIQUIDITY OF ESKOM SOC LIMITED (“ESKOM”) 1. Customers of ESKOM who have paid advance service deposits for the supply of electricity by Eskom must be […]
Eskom unplugged – Paul Hoffman’s Accountability band delivers searing performance
CAPE TOWN — The Eskom accountability chickens are not only coming home to roost – they’re being fried, dirty feathers and all, with a high voltage legal letter whose author has the trip-switch in his hand. Paul Hoffman, SC, Director of Accountability Now, is demanding, in terms of the Companies Act, that Eskom explain to […]
Gordhan should focus on cutting cadre deployment and stemming corruption
Money saved can go to housing, education and healthcare, and infrastructure development can create youth jobs, writes Paul Hoffman (published in Bdlive) Finance Minister Pravin Gordhan is seeking tips from ordinary folk in the run-up to the medium-term budget policy statement. It is undeniable that the triple challenges of poverty, unemployment and inequality are the […]
Is Dentons up to ‘diving’ the murky depths at Eskom?
THE choice of Dentons to do Public Enterprises Minister Lynne Brown’s “deep dive” into the financial malfunctioning of Eskom is an interesting one that has elicited quite a bit of muttered, and possibly green-eyed, comment in the legal fraternity. While Dentons has been in Africa for about 50 years, it has been in Cape Town […]
